Wednesday Mar 5
16 Dems press regulators on pot businesses
March 6, 2014 - Sixteen House Democrats from states legitimizing certain marijuana businesses wrote federal financial institution regulators Wednesday to urge implementation of recent guidance on how financial institutions can serve such businesses.
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Wednesday Mar 5
The Huffington Post
Lawmakers Push For New Marijuana Banking Rules That Bankers Won't Follow Anyway
Sixteen members of Congress sent a letter to federal banking regulators Tuesday urging them to quickly implement the federal government's new guidelines that would allow marijuana businesses access to traditional financial services.
Wednesday Mar 5
Colorado lawmakers urge regulators to let pot shops use banking services
Many marijuana retailers do not have access to banking services, making it difficult for them to pay workers and avoid burglary.
Wed Feb 26, 2014
Colorado Political News
Colorado Caucus Locations for March 4, 2014
Congressman Ed Perlmutter sent out a helpful email reminder about the March 4 Democratic Party Caucus that sums things up better than we could.
Banking marijuana requires an "act of Congress"
Despite bankers' varied attitudes about legalizing marijuana, now that it is legal in Colorado, banks are supportive of government efforts to permit financial services for marijuana businesses.
Fri Feb 21, 2014
Obama's Marijuana Banking Rules Don't Change Anything, Bankers Say
Last week, the Obama administration announced new guidelines that it portrayed as a drastic change to the way marijuana businesses interact with banking services.
Thu Feb 20, 2014
FinCEN director touches on marijuana-biz guidance
Feb. 21, 2014 - Financial Crimes Enforcement Network Director Jennifer Shasky Calvery noted the agency's guidance last week for financial institutions serving marijuana businesses but said it's a complicated issue that would best be addressed legislatively.
Wed Feb 19, 2014
Fort Morgan Times
Marijuana businesses and banks still need change
Federal guidelines intended to ease concerns of banks dealing with legal marijuana businesses are indeed a crack in the wall.
Tue Feb 18, 2014
Perlmutter: FinCEN guidance not enough
Feb. 19, 2014 - Rep. Ed Perlmutter, D-Colo., said the Financial Crime Enforcement Networks' guidance on financial services for marijuana businesses is helpful but not enough to relieve financial institutions of related liability.
Mon Feb 17, 2014
Editorial: Marijuana businesses and banks still need change
On Jan.1, Sean Azzariti became the first person to legally buy recreational marijuana in Colorado with his purchase from 3D Cannabis Center in Denver.
Banks, Pot Businesses Cautious About New Federal Guidance
Friday's joint announcement by the Justice Department and a division of the U.S. Treasury might not be an outright Valentine's Day gift to the nation's marijuana industry, but advocates for legal cannabis use see it as a step in the right direction.
Sun Feb 16, 2014
Janet Yellen: 'You Are Smart, Steady, Not Very Exciting'
So said Rep. Ed Perlmutter to the new Fed Chair, Janet Yellen, during her marathon appearance before the House Financial Services Committee on Tuesday.
Sat Feb 15, 2014
Federal Guidance on Pot Business Leaves Banks Wary
For marijuana dispensaries around the country, the days of doing business in cash - driving around with bill-stuffed envelopes to pay the rent, or showing up at a state revenue office with $20,000 in paper bags for the tax man - can't end soon enough.
Treasury Approves Bank Accounts for Pot Businesses. Will Banks Go Along?
The Treasury Department's Financial Crimes Enforcement Network on Friday approved the opening of bank accounts for marijuana businesses, which have been operating on a cash-only basis.
Fri Feb 14, 2014
DOJ issues guidelines on marijuana banking but will banks heed them?
The DOJ and Treasury issued guidelines on pot banking, but it remains to be seen whether banks will adopt them The DOJ and Treasury issued guidelines on pot banking, but it remains to be seen whether banks will adopt them In a historic announcement, the U.S. Justice Department issued a series of guidelines on Friday that clears the way for banks to ... (more)
Marijuana industry relieved as feds allow banking
The marijuana industry breathed a sigh of relief Friday after federal banking regulators issued long-awaited permission for them to access basic banking services.
Feds release marijuana banking rules
The federal government responded on Friday to the most important issue confronting Colorado's newly legal marijuana industry: Difficulty getting bank accounts.
Wed Feb 12, 2014
Unfair Bank Ban Causing Pot Dispensary Violence
"You hit a 7-Eleven, you'll get 20 bucks. You hit a dispensary , you'll get $300,000 on a good day," says Denver's District Attorney, Mitch Morrissey.
Tue Feb 11, 2014
Wall Street Journal
Yellen Succeeds on the Hill by Not Delivering 'Color'
In her first testimony before the House Financial Services Committee as Federal Reserve Chairwoman, Janet Yellen was as determined, exacting, and endlessly boring as she'd planned.
Feds set to unveil solution to pot banking problem
The federal government is set to unveil in the next few days a way for legal pot merchants to use banking services.